All Forum Posts by: David Ptak

Hi BiggerPockets friends. I have a nnn lease question that I'm hoping someone can help me with. If I am the lessee on a nnn lease and I do capital improvements such as fix the roof can I expense those costs in the year that I make the improvement or is that cost depreciated over some longer timeframe. I believed it to be depreciated, but someone I know is telling me that it can be expensed in the same year. Would love to hear from you. Thanks everyone!!! Thanks, Dave

Hi BiggerPockets friends. I have a nnn lease question that I'm hoping someone can help me with. If I am the lessee on a nnn lease and I do capital improvements such as fix the roof can I expense those costs in the year that I make the improvement or is that cost depreciated over some longer timeframe. I believed it to be depreciated, but someone I know is telling me that it can be expensed in the same year. Would love to hear from you. Thanks everyone!!! Thanks, Dave

The purchase would be residential FHA, or Conventional. Basically I need a lender.

I am looking for a Broker/Banker who can help me with some questions about a loan for a purchase I'm looking to make. I'm purchasing in San Diego, CA. Can anyone make a recommendation?

Thanks Dave!

Hi folks. Anyone have any experience with a joint venture relationship for 1 partner who would live in the project and the other who would do the deal and help with the down payment. Ultimately I'm trying to figure out a fair partnership. Anyone have any suggestions Thanks, Dave

Hi I'm looking for a 1br unit that accepts hud housing in Oceanside, CA or Carlsbad, CA. Does anyone know who might accept HUD? Thanks, Dave

Hi I'm looking for a 1br unit that accepts hud housing in Oceanside, CA or Carlsbad, CA. Does anyone know who might accept HUD?

I thought that this is where the conversation would lead. Makes total sense. You guys are awesome!!

So ultimately if you're able to buy below roughly 75% of the rental income you can grow your income v. debt. That's assuming nothing goes wrong along the way. And that you have reserves ready for those times. But on the next deal you need cash for the down payment. It sounds like people are taking the equity out of the refinance to buy the next property. But, wouldn't it take some time to build enough equity for a refinance to provide enough cash to make another down payment? Seems like some of these guys I hear about have like 50 properties in just a few years. Maybe being in SoCal skews my thinking. Are these guys just buying in areas with a much lower avg price?

What a great resource. You guys are great! Thanks for the helpful feedback!!!